Sold – Lot 7, Tamworth, NSW
Entry level investing returning 261.80 per week
Large one bedroom apartment with open kitchen, meals and family room. Top floor with balcony.
Apartment has recently been repainted, re-carpeted, with kitchen upgrades and tiling.
Total floor area of 63m2 + Carpark on title.
|Lot||Asking Price||status||Gross Return||Net Return||Weekly Return||Annual Rent|
** Net yields do not include any upcoming refurbishment obligations.
Current Rent: $261.80 per week ($13,613 per annum)
Current Return: 7.16% gross
INCREASES AS FOLLOWS:
Oct 2018- $14,157- 7.44% gross
Oct 2019- $14,723- 7.74% gross
Oct 2020- $15,312- 8.05% gross
Oct 2021- $15,925- 8.37% gross
Lease Terms: Lease 30/09/2022 plus 6 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2022)
Tamworth boasts a busy year round calendar of events and festivals, locally grown food and wine, country experiences, outdoor recreation and vibrant heritage, museums and arts.
A solid investment apartment in a region that attracts residents, investors, workers and visitors alike.